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20121207
20121207
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CSPAN 6
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CSPAN
Dec 7, 2012 2:00pm EST
about in you're so vain and will you share that with us? >> i think it's warren beatty. >> and he says not. >> that's what my information was but again that information has not been updated for 40 years. [applause] >> now that that the turnpike extends past the city to the airport, any thoughts about revising the song? >> you mean the turnpike no longer ends in boston, it goes all the way to summer set, no. what town is the airport in? >> that's got a ring to it but it doesn't rhyme. that's the thing is the internal rhyme. that song has four rhyming schemes going at once. it's got to be boston unless they take it to aust tin texas. [applause] >> i want to thank all of you for joining us this afternoon. i want to remind you of our next lunch on december 18, we have leon panetta, i'm sure if you have some advice on how to stolve fiscal cliff i'm sure heed like to hear that. >> while you are writing your next song i'd like to present you with your coffee mug. it might give you some inspiration. >> thank you so much. [applause] >> i want to thank the national press club staff including the
CSPAN
Dec 7, 2012 1:00am EST
at the history of what has been done. there is a long history of using that debt limit as a moment to distract from the party in power. if we had an academic seminar on the impact of the that struggle and the fiscal policy, he would say that it was a negative thing. >> well, i have never until last year of august 2011, i have not seen any serious effort or serious threat made by the leadership of congress to refuse to give the secretary of treasury the ability to offer to meet obligations congress had adopted. i thought that was a new experience for us. it certainly was for me to see that happen. dr. zandi, you said you think that we need to repeal this law that tries to set a debt limit and concentrate more on taxing and spending policies that causes to raise the debt, as i understand? >> absolutely. it is a bad way to conduct policy. it is a problem. look at july and august of 2011. it was a mess. gdp downgraded the debt. it really had an impact. cbo is estimating the interest costs is costing us money. it is pretty clear that this is not going to get any better going forward. it will be wor
CSPAN
Dec 7, 2012 9:00am EST
just how nonlife- u.s. unemployment benefits are. a lot of the against -- non- lavish u.s. unemployment benefits are. the two countries that he mentioned, the netherlands and belgium, they're doing much better than other continental european countries. the scandinavian countries have guest: there is not this simple relationship that have been extensive unemployment insurance system and you mechanically generate a higher unemployment rate. host: lisa from dallas, texas, received unemployment insurance -- nate from dallas, texas, receives unemployment insurance. caller: right now i lost my job because my boss was fired from the university. and recently got my doctoral degree from that university, and i am spending eight hours a day on the computer, trying to network. i want to buck the contention that it is a mismatch of skills between the employer and the people that are unemployed. there was a recent "wall street journal" saying that part of the problem is how employers conduct searches of candidates, and her recruiting is done. -- how recruiting is done. i think the unemployment benefi
CSPAN
Dec 7, 2012 6:00am EST
. the delay in the spending cuts whatsoever. do you think the president's current offer gives us the 2-1 test? >> no. it is short. he needs to come up with roughly $600 billion more in spending cuts over the next 10 years. i think that there are significant reforms in medicare, medicaid, agricultural subsidies, and other programs in the budget. those are difficult things to implement. it takes a lot of guts to propose those things. i would not discount them. they are important. to answer your question more specifically, we do name or spending cuts to get to my ideal. -- we need more spending cuts to get to my ideal. >> policymakers need to reform entitlements. i do see members of the other party -- most notably, mr. hoyer --he said, not now. they are on the table for a later discussion. i have been disappointed that a lot of the discussion seems to be on the revenue side and not really on the cutting side. really quickly, the debt ceiling. there is something about your testimony that caught my attention, which is your support for the initiative offered by senator rob portman. lawmakers can ad
CSPAN
Dec 6, 2012 8:00pm EST
a factory in china and sell cars. they can delay paying u.s. taxes on that indefinitely. but the money comes from the rent, as so-called passive income, they have to pay taxes on that immediately. this provision says if your a bank -- you can be late paying your taxes. it is going to be considered active income. it is quite valuable to them. it is kind of a gray area. in 1986 when they did big tax reform, they said that is active income and we should tax that money. host: we have been talking with sam goldfarb from cq roll call. thank you very much. >> explores the history and literary culture of all money -- of albany. tonight on c-span, a senate debate on the fiscal cliff. shaun donovan discusses it. harry reid and mitch mcconnell when back-and-forth on fiscal cliff issues and a proposal to raise the debt ceiling. here is part of their exchange. >> yesterday afternoon, i came to the floor and offered president obama's proposal on the fiscal cliff to show that neither he nor democrats in congress are acting in good faith in these negotiations. with just a few weeks ago before a potentially
CSPAN
Dec 7, 2012 7:00am EST
u.s. energy information society and the center for strategic and international studies. "washington journal" is next. host: good morning. it is friday, december 7, 2012. the 71st anniversary on the attack of pearl harbor. reaction continues this morning over yesterday's resignation announcement of jim demint. the approach and fiscal clift deadline continues to loom over congress and the white house. that is where we want to begin. is it ok for leaders to compromise, or should they stick to their principles and would it be ok if doing so sent us over the fiscal cliff? give us a call this morning. you can also catch up with us on all of your favorite social media websites. a very good morning to you. i want to begin with the question of compromise or sticking to principle. this is a question a gallup organization asked in a recent poll. it found 62% of americans would like to see the federal government leaders compromise on an agreement to avoid the fiscal cliff budget measures set to go into effect next month. more than twice the 25% who want leaders to stick to their principles. a m
Search Results 0 to 5 of about 6